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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #7,841
  • Aug 15, 2007 12:01am Aug 15, 2007 12:01am
Quoting auslanco
This may go further down before the retraco

hm yes i believe you are right, my signals just crossed down...
  • #7,842
  • Aug 15, 2007 12:02am Aug 15, 2007 12:02am
thanks karmostaji
it's very perfect with the chanel I made on the daily chart
just touch the line of it and retrace
waw the view is clear for me now ... i think

ykrmk rbna ya ghaly
If you count on hope in any trade ……. Get out of it
  • #7,843
  • Aug 15, 2007 12:02am Aug 15, 2007 12:02am
Not sure if this posted earlier. Stock market results for the day.

International Exchanges
Name Last Change %Change
AEX (Amsterdam) 508.43 unch 0.00%
All Ordinaries (Sydney) 5,801.50 -181.00 -3.03%
CAC-40 (Paris) 5,478.66 unch 0.00%
DAX (Frankfurt) 7,425.07 unch 0.00%
FTSE (London) 6,143.50 unch 0.00%
Hang Seng (Hong Kong) 21,373.60 -633.72 -2.88%
Ibex35 (Madrid) 14,553.10 unch 0.00%
Mib30 (Milan) 39,504.00 unch 0.00%
Nikkei 225 (Tokyo) 16,475.61 -369.00 -2.19%
Straits Times Industri 3,260.69 -125.90 -3.72%
S&P/TSX Composite Index (Toronto) 13,242.62 unch 0.00%
Trade what you see, not what you think.
  • #7,844
  • Aug 15, 2007 12:02am Aug 15, 2007 12:02am
so what's the consensus on shorting around 232.50 down to the 230 range?
  • #7,845
  • Aug 15, 2007 12:05am Aug 15, 2007 12:05am
Quoting MikeW
The 100 fib expansion on the weekly brings it down to 230.85.
... and 230.54 on the daily

Mike
  • #7,846
  • Aug 15, 2007 12:05am Aug 15, 2007 12:05am
this is the last hour of the current 4hr candle with a massive bearish momentum. This hour will fire all it's guns to go as deep as possible before the retraco.
  • #7,847
  • Aug 15, 2007 12:13am Aug 15, 2007 12:13am
Is it consolidating ? How much will it really retrace to ?
  • #7,848
  • Aug 15, 2007 12:15am Aug 15, 2007 12:15am
Quoting webstakes
Is it consolidating ? How much will it really retrace to ?
I cant say it until the next 4 hr bar. However I will wait until the news relase @ 8.30 GMT before I take a new position.
  • #7,849
  • Aug 15, 2007 12:16am Aug 15, 2007 12:16am
03:55 NEWS: BoJ Drains Again, Y500 Bln For Total Y2 Trln Today Tokyo, August 15. The BoJ is reported to have drained liquidity from the money markets again. The Y500 bln operations makes the total drain today Y2 trln. Yesterday, the BoJ acted twice to drain liquidity for a total of Y1.6 trln. The overnight unsecured call rate trading well below the BoJ"s 0.50% target is seen to blame. [email protected]
  • #7,850
  • Aug 15, 2007 12:20am Aug 15, 2007 12:20am
Quoting auslanco
I cant say it until the next 4 hr bar. However I will wait until the news relase @ 8.30 GMT before I take a new position.
I went long with a small lot at 232.18 . Pray for me that my stop loss is not hit....
  • #7,851
  • Aug 15, 2007 12:23am Aug 15, 2007 12:23am
Quoting webstakes
I went long with a small lot at 232.18 . Pray for me that my stop loss is not hit....
What did you base your decision to go long on?
  • #7,852
  • Aug 15, 2007 12:24am Aug 15, 2007 12:24am
http://www.forexfactory.com/attachme...1&d=1187162449
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  • #7,853
  • Aug 15, 2007 12:25am Aug 15, 2007 12:25am
Quoting MikeW
What did you base your decision to go long on?
Thats why i asked everyone to pray for me....;-)

I see all indicators pointing at the bottom. MACD, RSI, Stochatics (for 4Hr and daily)
  • #7,854
  • Aug 15, 2007 12:26am Aug 15, 2007 12:26am
hmm, should I make a trade before the news or after the news...

coz if news comes out bad for GBP, that's scary

edit - sorry but I'm talking to myself here lol
Trade what you see, not what you think.
  • #7,855
  • Aug 15, 2007 12:31am Aug 15, 2007 12:31am
Quoting karmostaji
hmm, should I make a trade before the news or after the news...

coz if news comes out bad for GBP, that's scary

edit - sorry but I'm talking to myself here lol
Karm, you are the man! Great trade. Good job.

Care to give a summary of your trade? so that we can all learn.

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #7,856
  • Aug 15, 2007 12:33am Aug 15, 2007 12:33am
Quoting webstakes
Thats why i asked everyone to pray for me....;-)

I see all indicators pointing at the bottom. MACD, RSI, Stochatics (for 4Hr and daily)
Well you could be lucky - you may have got in at the very start.

Don't trust the readings on the stochs when they are well into the overbought/oversold zones. The 4hr is way down and the 1hr is just on the 20 line (10,3,3 stochs)

Good luck, I hope you picked right.

Mike
  • #7,857
  • Aug 15, 2007 12:34am Aug 15, 2007 12:34am
Quoting jarroo
Karm, you are the man! Great trade. Good job.

Care to give a summary of your trade? so that we can all learn.

Thanks,

Jim
Hey Jim,

Thanks, you're doing good too keep it up

which trade? the short we had?
Trade what you see, not what you think.
  • #7,858
  • Aug 15, 2007 12:38am Aug 15, 2007 12:38am
Quoting webstakes
Thats why i asked everyone to pray for me....;-)

I see all indicators pointing at the bottom. MACD, RSI, Stochatics (for 4Hr and daily)
No I think it can go up till 233.57 this time. Bearish is running out of steam now.
  • #7,859
  • Aug 15, 2007 12:40am Aug 15, 2007 12:40am
almost all international exchanges in red now. here is link"

http://moneycentral.msn.com/investor...ldmarkets.aspx
Trade what you see, not what you think.
  • #7,860
  • Aug 15, 2007 12:42am Aug 15, 2007 12:42am
is the trend reversing?

or are we expecting a drop again??

I had a SL on my short

Well, have to be careful with my trades from now on... making silly mistakes everytime.
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